K2 Gold (K2 Gold) GF Value Rank : 0 (As of Jun. 09, 2024)

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What is K2 Gold GF Value Rank?

K2 Gold has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

K2 Gold GF Value Rank Related Terms

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K2 Gold (K2 Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » K2 Gold Corp (OTCPK:KTGDF) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

KTO:Canada

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.k2gold.com

K2 Gold Corp is a well-financed gold exploration company with projects in SW USA and the Yukon. The company is focused on the Mojave property in California, a 5,830-hectare oxide gold project with base metal targets. The location of Mojave enables the company to have year-round news flow on multiple previously recognized surface gold targets. Besides affording immediate drill targets based on the company's soil data integrated with LiDAR and Worldview3 data, the property also has undrilled locations with gold-enriched historical trench results including one at the Flores zone which recorded 8.4 g/t gold over 25.6m. The company has exploration plans for the Si2 and Wels projects, located in Nevada, the USA, and the Yukon Territory, Canada.

K2 Gold (K2 Gold) Headlines

From GuruFocus

K2 Gold Provides A Technical Update of the Flume Property

By GlobeNewswire GlobeNewswire • 05-02-2018

K2 Gold Completes Termination of Option Agreement on Flume Property

By GlobeNewswire GlobeNewswire • 09-26-2018

K2 Gold Corporation Announces Non-Brokered Private Placement to Raise $750,000

By GlobeNewswire GlobeNewswire • 05-11-2018

K2 Stakes New Mineral Claims in the Moosehorn Range, Alaska, USA

By GlobeNewswire GlobeNewswire • 05-17-2018

K2 Gold Closes Oversubscribed Private Placement and Raises $1,066,500

By GlobeNewswire GlobeNewswire • 06-08-2018

K2 Completes 2019 Exploration at Wels; Trenches 2.15 g/t Au over 8m at the Pekoe Target, 0.64 g/t over 36m at the Chai Target

By GlobeNewswire GlobeNewswire • 02-20-2020